During his tenure the university agreed to recognize Citibank as its primary private lender for student loans.
Instead, he took control of Planters Development Bank, the nation's biggest private lender to small and midsize companies.
For every 100 Euros lent to Greece a private lender would get back just 15 Euros in cash when the debt fell due.
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In another office, an erstwhile private lender has gone for a completely different sort of business, investing 10m yuan in a TV spy caper set during the Japanese occupation.
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Last week, the court issued a similar ruling in the case of Bank Mellat, the largest private sector lender in Iran.
Recall, there was no willing private sector lender at the time.
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The share price of Countrywide Financial , America's biggest private mortgage-lender, fell by around 22% in intraday trading amid rumours it was about to run out of cash.
The Fed acted not in competition with the private sector but as a lender of last resort during an extreme emergency.
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"The process is time-consuming, and there's also the stress of having to liquidate my investments and wonder where I'm going to find money, " said Hahn, who had to scramble to find a new loan earlier this year after his lender suspended its private loan program.
Shares of the private-market alternative to education lender Sallie Mae have been having a dreadful year, which you might expect given the growing distaste for asset-backed securities, the floundering takeover deal for its government-sponsored competitor and a recently announced investigation by New York State into its lending practices.
Mark Harris, chief executive of mortgage broker SPF Private Clients, explained that most mortgages track a lender's standard variable rate, or the base rate, so most are not directly affected by Libor.
The fundamental public-private conflict of the GSEs means the taxpayer will always be lender of last resort to these quasi-public organizations.
Castle Trust, a yet-to-be-authorised lender in Britain backed by JC Flowers, a private-equity firm, plans to offer savers investment products tied to a national house-price index.
What have been the reactions of private and official creditors holding defaulted loans to Russia to the "preferred lender" arrangement contemplated in this framework agreement?
But, if countries like Italy start to lose market access altogether, then you could see how the ECB could end up playing "lender of last resort, one step removed", effectively funding private bank purchases of Italian bonds.
Rocholl added that the ECB has become a guarantor for the private and public sectors in the eurozone: "The ECB is more than a lender of last resort, not only to the banks, but also to nation-states, " he said.
But for every lender, there is also a borrower, encouraged to bet heavily by the record of private-equity deals.
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